Barings Completes Recapitalization of 301 Hillsborough at Raleigh Crossing
Project Embodies Barings "Innovation Investment Strategy"
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(PRNewsfoto/Barings)
(PRNewsfoto/Barings)
CHARLOTTE, N.C., Jan. 12, 2021 /PRNewswire/ -- Barings, one of the world's leading financial services firms, announced today it has closed a joint venture between Barings and The Fallon Company to recapitalize the Class-A+ office property, 301 Hillsborough, in downtown Raleigh, NC.
A 280,381 square foot, 19-story office tower, 301 Hillsborough includes 12,162 square feet of ground floor retail and is located in Raleigh's most vibrant downtown submarket. This office project is the first phase of the mixed-use development, Raleigh Crossing, which will become the nexus of Raleigh's office, residential and hospitality activity. Construction is approximately 50% complete, and the property is already 45% pre-leased by Pendo, a leading software company.